“See No Long-Term Impact Of Weak Re On Co. Balance Sheets”

Aug 07 2013

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August 7: Kenneth Andrade, Head – Investment at IDFC MF, says the impact of the weak currency on India Inc’s balance sheets will be seen in the next three quarters instead of having a long-term impact. “I have yet to come across a business model based on the depreciating rupee,” he says, adding that invested assets have gone into production, but not all are productive. “While a small part of corporate India is currently profitable, markets will continue to see double-digit growth,” he claims.